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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

SYNNEX (SNX) Soars: Stock Adds 23% in Session

Zacks Equity Research

SYNNEX Corp. (SNX) was a big mover last session, as the company saw its shares rise over 23% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.70 to $63.39 in the past one-month time frame.

The company has seen no estimate revision and the Zacks Consensus Estimate has not been in a trend either. Friday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

SYNNEX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the business services sector include CBIZ, Inc. (CBZ), US Ecology, Inc. (ECOL) and ICF International Inc. (ICFI). All of these sport a Zacks Rank #1 (Strong Buy).

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SYNNEX CORP (SNX): Free Stock Analysis Report

CBIZ INC (CBZ): Free Stock Analysis Report

US ECOLOGY INC (ECOL): Free Stock Analysis Report

ICF INTERNATIONAL INC (ICFI): Free Stock Analysis Report


Zacks Investment Research